Abstract:
The Supervisory Council of the Fund for Infrastructure and Educational Programs, a non-commercial organization formed by RUSNANO in accordance with the federal law On Reorganization of the Russian Corporation of Nanotechnologies (¹ 211-FZ dated July 27, 2010), held its first meeting.

The fund will foster innovative infrastructure for nanotechnology and bring to fruition programs in education and infrastructure that RUSNANO has initiated.

Founding documents empower the council, the fund's highest management body, to establish priority activities of the fund, its strategy, and budget. In keeping with a decision of the fund's founders, the members of the Supervisory Council of the Fund for Infrastructure and Educational Programs were drawn from the Supervisory Council of RUSNANO. Andrey Fursenko, minister of Education and Science of the Russian Federation and chairman of the Supervisory Council of the Russian Corporation of Nanotechnologies was chosen chairman of the new council.

The Supervisory Council of the fund established two committees that will be responsible for conducting and monitoring the fund's work and periodically reporting to the council. It appointed members to the committees as well.

The external, three-member Overseers Committee will be responsible for monitoring the fund's activities, the use of its resources, and the fulfillment of decisions by the Supervisory Council. The council appointed the following members:

* Alexander Khlunov, Director of the Department of Science, High Technology, and Education of the Government of the Russian Federation * Boris Saltykov, Director of the Polytechnical Museum in Moscow * Vladimir Fortov, Director of the Joint Institute of High Temperatures of the Russian Academy of Sciences

The Management Committee of the fund will be responsible for ongoing operations of the fund. The council appointed the following members:

Mr. Chubais was chosen to chair the Management Committee. Mr. Svinarenko was appointed CEO of the Fund for Infrastructure and Educational Programs.

At its meeting, the Supervisory Council approved two concepts, one for the fund's educational activities and the other for the nanotechnology centers that it will realize.

As provided in article 7.1 of federal law ¹ 211-FZ On Reorganization of the Russian Corporation of Nanotechnologies, the composition and size of property that the corporation will transfer to the fund will be approved by the Government of the Russian Federation.

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About RUSNANOThe Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 by the Federal law ¹ 139-FZ to enable Government policy in the field of Nanotechnology.

To accomplish this task, RUSNANO co-invests in nanotechnology industry projects that have high commercial potential or social benefit. Early-stage investment by RUSNANO lowers the risk of its investment partners from the private sector.

RUSNANO participates in building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds. RUSNANO provides scientific and educational programs that are required for its investment projects to succeed, and also supports the popularization of nanoscience and nanotechnology. RUSNANO selects promising spheres for investment based on longer-term sight created by the leading Russian and world experts.

To assist the Russian nanotechnology industry advance to the global market and strengthening of its international links RUSNANO develops partnerships with the leading nanotechnology centers in the world and organizes the annual Nanotechnology International Forum in Russia.